Responsibility accounting reports for profit centers are normally in the form of income statements
Indicate whether the statement is true or false
True
Business
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Never specify the age of a person in business messages
Indicate whether the statement is true or false
Business
Actual cash value is equal to replacement cost minus depreciation
Indicate whether the statement is true or false.
Business
Savvy Sightseeing had beginning equity of $72,000; revenues of $90,000, expenses of $65,000, and dividends to stockholders of $9,000. There were no stockholder investments during the year. Calculate ending equity.
A. $25,000. B. $47,000. C. $88,000. D. $97,000. E. $38,000.
Business
A check is a special type of draft
Indicate whether the statement is true or false
Business